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Forex Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

British Pound/Mauritius Rupee (FOREX:GBPMUR)

Long-Term Downtrend (-90) - GBPMUR is in a strong downtrend that is likely to continue. While GBPMUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPMUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMUR
Open High Low GBPMUR Price Change
54.039623 54.459115 54.014388 54.370682 +0.331059
Entry Signal

MarketClub’s Trade Triangles for GBPMUR

long term down The long-term trend has been DOWN since Sep 7th, 2023 at 56.342044

intermediate term down The intermediate-term trend has been DOWN since Sep 6th, 2023 at 56.927474

short term down The short-term trend has been DOWN since Sep 13th, 2023 at 56.255927

Smart Scan Analysis for GBPMUR

Based on our trend formula, GBPMUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.039623 54.459115 54.014388 54.370682 +0.331059
Prev. Close Volume Bid Ask Time
54.039623 2023-09-28 19:49:02
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